The Cloud Secures $12 Million in Series B Funding

The Cloud, a Hub71 food tech startup, has concluded its Series B funding round, securing $12 million out of its targeted $30 million.^[1]  

Hub71 is the global tech ecosystem in Abu Dhabi.

The funding round saw participation from a new investor, MENA Moonshots. The Cloud's mission is to revolutionize the virtual dining landscape.

Georges Karam founded the business, which aims to grow not only in the UAE but also throughout the wider GCC region and Europe.

This latest round, combined with debt financing from Aluna Partners and the strategic acquisition of UK-based food tech startup KBOX,.

By acquiring KBOX, The Cloud aims to strategically increase its presence in the UK by 200 places.

With an initial $10 million raised in Series A funding, this latest round brings the total funds raised to $22 million.

A significant portion of the Series B funding will fuel international expansion efforts, bolster operational capabilities, and further enhance The Cloud's proprietary technology platform.

Currently operating in seven countries and 91 cities, The Cloud aims to expand its footprint to 8,000 locations by the end of 2027. With plans for a dual listing in Abu Dhabi and Riyadh, the company is poised for substantial growth in the EMEA region.

Hub71 was established in 2019 with the backing of the Government of Abu Dhabi and Mubadala Investment Company.